Ernest Garcia II

Ernest Garcia II (#119)

Global Rank #119

Country Rank #50

Country United States

Ernest Garcia II is listed among the world billionaires tracked by Iconic Billionaires.

$ 22 B
Used cars
United States
M
69 Years

Snapshot

Quick Facts

Global Rank #119

Country Rank #50

Net Worth $22.4B

Previous Worth $22.2B

Worth Change +$0.2B

Country United States

Industry Used cars

Age 69 Years

Gender M

Worth As Of May 3, 2026

Residence Tempe, Arizona

Citizenship United States

World Billionaires List United States Billionaires Used cars

Profile Data

Personal Stats

Age 69

Source Of Wealth Used cars, Self Made

Self Made Score 9

Philanthropy Score 1

Residence Tempe, Arizona

Citizenship United States

Marital Status Married

Education Drop Out, University of Arizona

Net Worth Change +$0.2B +0.9% from previous worth

Previous Net Worth $22.2B

Current Net Worth $22.4B

Worth as of May 3, 2026

About Me

Ernest Garcia, II is the biggest shareholder of Carvana, an online platform for selling used cars and making auto loans that conducted an IPO in 2017. Garcia II also owns and runs DriveTime Automotive, the nation's fourth-biggest used car retailer. Garcia's son, Ernest Garcia III, founded Carvana as a subsidiary of DriveTime and later spun it out. In 1990 when he was 33, Garcia pleaded guilty to a bank fraud charge related to his dealings with Lincoln Savings & Loan.

Achievements

Forbes List Highlights

A snapshot of the list placements and rankings connected to Ernest Garcia II.

#116

Billionaires (2026)

#42

Forbes 400 (2025)

Ranked

The Richest Person In Every State (2025)

Insights

Did You Know?

The son of a liquor store owner who was for a while also the mayor of Gallup, New Mexico, Garcia II was on the golf team at the University of Arizona.

Garcia II dropped out of school before graduating to become a stockbroker and eventually turned to real estate development in Phoenix.

Wealth Growth

Net Worth Growth Over Time

Tracking Ernest Garcia II's net worth journey over the years, highlighting key growth phases and financial milestones.

Worth Trend Net Worth Growth

Period Change Worth Movement

Current Net Worth: $22.4B (May 3, 2026)